Top-level changes at fund managers and developers lead Mingtiandi’s roundup of personnel moves this week as M&G appoints a new global chief executive and a pair of mainland property developers unveil new leaders for their boards. Also in the news,… Read More>>
Ares Buys $392M Stake in New World Project as First Hong Kong Real Estate Deal
US private equity firm Ares Management has made its first direct investment in Hong Kong real estate, picking up a 51 percent stake in a Kowloon office project from New World Development for approximately HK$3.07 billion ($392 million).
New World… Read More>>
New World Heir Said to Buy Commercial Building in Hong Kong’s Central for $36M
A scion of one of Hong Kong’s wealthiest families has acquired an 11-storey commercial building in Hong Kong’s core business district as local media accounts identify the buyer of 118-120 Queen’s Road Central as William Junior Guilherme Doo, a director… Read More>>
Adrian Cheng Calls Bottom of China Meltdown, Says New World Will Buy $1.5B in New Sites
New World Development’s Adrian Cheng has called the bottom of the real estate market in China, telling the Financial Times that the Hong Kong-based property giant plans to spend RMB 10 billion ($1.5 billion) to buy land in top-tier mainland… Read More>>
Keppel DC REIT Acquisitions Boost Distributions and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore-listed Keppel DC REIT reports 2.5 percent year-on-year growth in its distribution per unit for the first half of 2022, as Mapletree Industrial Trust posts a 4.2 percent boost and CapitaLand China Trust… Read More>>
New World Puts New Territories Mall on the Market for $764M
New World Development is looking for a buyer for a retail podium of its Discovery Park development in the New Territories as the Hong Kong-listed developer shops a number of non-core properties in the city, according to market sources.
The… Read More>>
New World Approved to Redevelop Hong Kong’s State Theatre as Mixed-Use Project
A decade after it began acquiring parts of Hong Kong’s State Theatre complex, New World Development has won approval from the Buildings Department to redevelop the historic site into a mixed-use project.
The development in North Point will have a… Read More>>
Softbank’s Fortress Targets Department Stores and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Softbank-owned investment firm is reportedly seeking to buy Japanese department store Sogo & Seibu, an acquisition deal for Singapore’s Sime Darby Business Centre collapses, and the fate of a crypto investor’s luxury… Read More>>
Evergrande Hit With Winding-Up Petition and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-stricken China Evergrande faces a winding-up petition in the Hong Kong high court, the Cheng family behind New World Development launches a buyout bid for fashion retailer Giordano, and Swedish clothier H&M closes… Read More>>
New World Boss’ London Project Launches $171M Token Offering
Knight Dragon, a UK-based developer owned by New World Development’s chairman, is offering the investing public a chance to get a slice of the earnings from a London residential project through blockchain technology in a deal valued at £140 million… Read More>>
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